Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

Corporate Social Responsibility and Cash Holdings

Authors
Kaixing Wang1, a, , Qi’an Sun2, b,
1Kogod School of Business, American University, Washington, District of Columbia 20016, US
2Beijing Institute of Technology, Beijing, Beijing 100000, China

These authors contributed equally.

Corresponding Author
Kaixing Wang
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.152How to use a DOI?
Keywords
China; corporate social responsibility; cash holdings; domestic enterprises; non-state-owned enterprise
Abstract

In this paper, we focus on discussing the relationship between corporate social responsibility and cash holdings in China stock market. We can draw conclusions based on corporate social responsibility in China’s domestic enterprises, the value of corporate cash holdings and corporate cash holdings for the influence of corporate social responsibility. That is, the improvement of social responsibility can significantly lower the value of enterprises and cash holdings. Non-state-owned corporate cash holdings in the value of social responsibility mechanism of performance are particularly prominent. The proposed method to solve the problem is to use hypothetical and empirical methods to prove the relationship between corporate social responsibility and cash holdings. The results obtained in this research include that research on the relationship between optimal cash holding and corporate social responsibility. It is found that the level of corporate cash holding will be reflected in the improvement of corporate social responsibility performance. It is believed that enterprises with high corporate social responsibility have a better reputation and public praise and can better obtain financing, so they tend to have low cash holdings, reducing the cost of cash holdings and financing. Corporate social responsibility and corporate cash holdings are substitutes for each other.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.152How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Kaixing Wang
AU  - Qi’an Sun
PY  - 2021
DA  - 2021/12/15
TI  - Corporate Social Responsibility and Cash Holdings
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 930
EP  - 936
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.152
DO  - 10.2991/assehr.k.211209.152
ID  - Wang2021
ER  -